Franklin Templeton Spotlights Traction of Hivemapper and Helium in the Booming DePIN Market

IconCryptoNewsTerminal Staff13 Jun, 2024

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Franklin Templeton Spotlights Traction of Hivemapper and Helium in the Booming DePIN Market

Franklin Templeton, the globally recognized asset management firm, has recently published a report highlighting the progress of notable projects in the emerging decentralized physical infrastructure (DePIN) sector. Among the projects mentioned in the report are Hivemapper and Helium, which have garnered attention for their innovative contributions to the field. DePIN, a niche within the crypto industry with a market cap of $26 billion, involves the decentralization of physical infrastructure using blockchain technology. Hivemapper and Helium have demonstrated success in attracting contributors to their respective networks, despite the still-developing demand for their services. These findings underscore the growing interest in DePIN solutions and the potential for Hivemapper and Helium to play significant roles in shaping the future of this space. As the market continues to evolve, it will be intriguing to observe the ongoing development and adoption of DePIN projects like Hivemapper and Helium.

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